ots Ad hoc-Service: i:FAO AG i:FAO Invests in American i-tinerary.com

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    Frankfurt/Main (ots Ad hoc-Service) - i:FAO Aktiengesellschaft's Executive Management Board has, in agreement with the Supervisory Board, signed a non-binding letter of intent to acquire up to 15% of the shares of i-tinerary.com, Scottsdale, Arizona, USA.

    The agreement is subject to usual clauses and should be ratified shortly.The acquisition will be made in cash paid into a capital increase of i-tinerary.com

    i-tinerary.com is a provider of intelligent travel management solutions for small and medium sized enterprises. New is the concept to make bookings via the Internet much easier as currently possible. i-tinerary.com offers complete integration of the travel reservation with the calendar software in place and uses proprietary technology with artificial intelligence, to make sure that personal preferences of any traveler are considered. i-tinerary.com offers reservations via WAP, PDA and various wireless devices as well as via the Internet http://www.i-tinerary.com/

    i:FAO Aktiengesellschaft's cytric software will be used as i-tinerary.com's reservation and travel management system with immediate effect.

    i:FAO is currently in the process, as already published, to acquire 100% of QuixData Systems Inc., San Ramon, California and plans to separate the cabana business division into an especially founded new company, intitially owned by i:FAO at 100%, as well as to separate the eHotel division, similarly to cabana not a part of i:FAO's core business, into a joint venture, a partnership of several companies.

    All activities should be completed already in October 2000.

    cytric(r) by i:FAO Aktiengesellschaft is market leader for neutral, worldwide available business travel management software.

    The Executive Management Board


    Louis Arnitz     i:FAO Aktiengesellschaft     Telephone +49 (69) 1530 5500     eMail arnitz@ifao.net

    Additional information, graphics and pictures in high resolution are available in the press area of the i:FAO website at http://www.ifao.net

    Please also visit our new IR page at http://www.ifao.net/ir-eng

    End of Message

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